Oil shale company sees opportunity

Oil shale company sees opportunity


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Mary Richards reportingA company that develops oil shale sees a big opportunity in Utah, if only it could get its hands on it.

Oil Shale Exploration says it has the technology now to produce 4,000 barrels a day from oil shale, if Congress would let it use more tracts of federal land.

Some congressmen, environmentalists and oil executives say President Bush is too optimistic about oil shale; they say it probably won't give too much, and the technology just isn't ready.

But Oil Shale Exploration's managing director says it has the technology now.

E-mail: mrichards@ksl.com

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